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CNBC
Dec 12, 2012 7:00pm EST
the fiscal cliff tax hikes that are coming. let's faulk about this. we have igor volsky and guy benson. guy benson, i am glad they have won't up to this lousy medical device tax but did someone say minnesota where, wait, medtronic and st. jude medical are the biggest companies? they're the ones that make the equipment? and senator klobuchar and senator al franken are all of a sudden making a beef because it's in their state? where they been, guy benson, and when did they discover that taxes are job kimmers? >> i thought that wasn't the case at all. you're right. they didn't just wake up to this. let's be completely honest about what happened here. they knew all along that the medical device tax was not just a job killer but would really stifle medical innovation. we've heard this from people across the spectrum. the people involved in this industry who are making america the leader when it comes to world medical innovation, they're saying this is really going to put a crimp in what we're able to accomplish. now at the last minute, the 11th hours, you have 18 johnny come late live democrats,
CSPAN
Dec 6, 2012 7:00am EST
issues in general when it comes to the fiscal cliff. if you have questions about tax issues or comments about how taxes should be included in these discussions, he will be taking your calls. up next, we're going to have a look at republicans and the fiscal cliff negotiations with radio talk-show host and columnist armstong williams. that is coming up next as we continue the "washington journal." ♪ >> why a writers institute? i think it is very important within the culture. we are a culture of words, of voices. words are key to our imagination, our capacity to envision things. we ourselves are not completely tied to print on the page. but i think that there is no other art form so readily accessible other than perhaps -- but it is something -- there is something in literature that captures the humans. . >> this weekend, we look behind the scenes at the history and literary life of new york's capital city, albany, on c-span to and it c-span3. span3.c- [bell rings] >> this weekend on c-span3, follow harry truman's eldest grandson to hiroshima. >> everybody has their own view of what happ
MSNBC
Dec 7, 2012 1:00am PST
would still go over the fiscal cliff. remember, the bush tax cuts are one of the at least stimulative policies in the negotiations. according to the economic policy institute, extending the middle class tax cuts would wipe out only about 11% of the austerity's economic impact. 11%. but all that other stuff, the payroll tax cut, the unemployment insurance, the sequester, all that, that would still be expiring. so come early next year, the economy would likely be entering an austerity-induced recession. markets would be convulsing as they realize our austerity crisis is about to become also a default crisis. and so the economy, as a whole, is going to be going nuts. poll after poll already shows republicans are receiving more blame for the potential failure of the debt talks. and after telling the press they're going to make a strategic decision to use a debt ceiling as more and more dangerous leverage, they're likely going to get blamed for that, too. and that will be much worse in the polls. republicans may believe the white house can be so afraid of default that it would simply capit
CSPAN
Dec 4, 2012 8:00pm EST
, you are, i think, correct in the second piece of the fiscal cliff. that is the tax rates that will apply next year. arguably, you don't have to take action this year, you have the whole of next year during which you can reach resolution to that issue. now, the only reason why i think that's an extraordinarily bad idea is i think it would be viewed quite unfavorably by the financial markets. and so you could see a reaction. and it is really bad tax policy to be legislating in the middle of the tax year on the basic structure of the income tax for that year. >> host: we'll go to jeff in tampa, florida, independent caller. >> caller: good morning, how you doing? >> host: good morning, sir. >> caller: yes, i have a question for mr. buckley, and this is more -- it may be a little generic, but something that a couple of my friends and i have talked about and just trying a basic understanding of. instead of having an income tax, has there ever been any discussion about having a national or a federal sales tax to help offset so this way everyone from the rich to the poor, everyon
MSNBC
Dec 12, 2012 9:00am PST
like the fiscal cliff negotiations, immigration reform has become like taxes and spending. do you do it step-by-step, which is what the republicans like, because they'd like to show they are tough on security and there isn't a legal path to citizenship for illegal immigrants, or do you do the whole thing all together? if i were carl rove, which isn't something i imagine myself being often, i would knock on the door of olympia snowe and say what are your lessons for us? >> fun conversation. >> that would actually be a fun conversation. we hope that carl rove, if you're listening, takes that advice. >>> coming to the recent data, planned parenthood provides less than 5% of resources to abortion services, but that's not stopping republicans in their quest to defund the organization entirely. we'll head to the lone star state and take a look at the eye of the storm just ahead. >>> lauren wanted to introduce cabbage to mainstream america. she created mother-in law's kimchi. for more, watch 7:30 on msnbc. we are gathered here today to celebrate the union of tim and laura. it's amazing how
FOX News
Dec 9, 2012 3:00am PST
with the president's position on tax hikes. furthermore, if this fiscal cliff happened 23 days from now, the president, if he doesn't do anything, those bush tax cuts expire, no negotiation at all. the bush tax cuts expire and the defense cuts go into place if the president basically doesn't return phone calls. >> speaking of polls, a lot of polls show if that happens, the republicans will be blamed for it, not the president. >> clayton: like 1995 all over again. >> mike: exactly. so representative randy forbes out of virginia says, maybe the president doesn't want an agreement really? listen. >> the president doesn't really want to get an agreement or a compromise, he wants to get his way and that's why he won't come to the table with any serious proposal and simply talk because i think if we do that, we can get a solution that everybody could live with. we're willing to sit down and negotiate and talk about the ideas and proposals, where is the senate and the president. the american people can hear what they're putting on the table and second realizing the senate and president are ju
FOX News
Dec 9, 2012 6:00am EST
had to say about the fiscal cliff. >> congress can avoid all of this bypassing a law that pass as tax hike on the first $250,000 on everybody's income. that means 90% of americans and 90% of small businesses wouldn't see their income taxes go up by a single dime. even the wealthiest americans would get tax cuts on the first $250,000 of their income. and families everywhere would enjoy some peace of mind. >> clayton: i think that republicans agree and a number of republicans say this, they're in a poor bargaining position. they he lost the election and polls show most americans agree with the president's position on tax hikes. furthermore, if this fiscal cliff happened 23 days from now, the president, if he doesn't do anything, those bush tax cuts expire, no negotiation at all. the bush tax cuts expire and the defense cuts go into place if the president basically doesn't return phone calls. >> speaking of polls, a lot of polls show if that happens, the republicans will be blamed for it, not the president. >> clayton: like 1995 all over again. >> mike: exactly. so representative randy
CSPAN
Dec 7, 2012 7:00am EST
extended. if the fiscal cliff debate is only limited to tax rates and deficit reduction, and not the debt ceiling, this will come up again. president obama once the debt ceiling to be part of this agreement. the reason why is simple, because that is where republicans have leverage in february. he needs republicans to extend the debt ceiling for the government to function with all going into default. republicans know this, and in theory they could separate the two to maximize their leverage. host: time for a couple more calls in this segment of the "washington journal," we will continue the unemployment insurance discussion in the following segment. laura is in louisville, kentucky, on the independent line. caller: good morning. what bothers me is when people say they actually can not find work and they have been on unemployment for 20 months, whatever they can get, and i will tell you my husband lost his job five years ago. he was with a company for 23 years. immediately we went into survival mode. we thought about what we could do to reduce bills, simplify our lifestyle in case he could
CSPAN
Dec 12, 2012 10:00am EST
with the fiscal cliff. this is an arbitrary, across-the-board tax increase. the combination of which will mean that if we are unable to resolve the fiscal cliff without raising taxes, we'll already see a lot of new taxes as a result of the health care law on financial transactions, on insurance programs, on every single working american. so that's why we have our speaker, john boehner, trying to present president obama with an alternative that says rather than raising taxes which is already going to happen on january 1 from this massive new tax increase that was in the health care bill, why don't we find a way to understand and have the economy take that in hand first? i know the president stood here at the state of the union address and said we're not going to spend one dime of taxpayer money. i know the president stood here and said every single american can keep your own insurance plan. i know the president has made these promises to the american people and these are things that we're going to have to understand about january 1 next year. and i believe that's why we need to have john boehne
MSNBC
Dec 4, 2012 4:00pm PST
there will be no deal to avert the so-called fiscal cliff without the rich paying a higher tax rate. got it? higher rate. in this interview on bloomberg tv, he made it. let's listen. >> the issue right now that's relevant is the acknowledgment that if we're going to raise revenues that are sufficient to balance with the very tough cuts that we've already made and the further reforms in entitlements that i'm prepared to make, that we're going to have to see the rates on the top 2% go up, and we're not going to be able to get a deal without it. >> there you heard it again, top rates have to go up, and rates. and some republicans are saying that the gop will ultimately say uncle. conservative columnist byron york, a very smart guy, wrote, quote, republicans will cave on the question of raising the tax rate for the highest income americans. the only question is whether they do so before or after the government goes over the so-called fiscal cliff. "new york times" columnist david brooks describes it this way. republicans will be raising middle class taxes in order to serve the rich. shafting sam's club to b
CSPAN
Dec 7, 2012 9:00am EST
economy right to the edge of the fiscal cliff. intent of reforming the tax code, the president wants to raise tax rates. even if the president got the tax rate hikes he wanted, understand we would continue to see trillion dollar deficit for a start -- far is that i can see. listed, washington has a problem spending, not the revenue problem. the president does not agree with our proposal. i believe is an obligation to families and small businesses to offer a plan of his own, a plan that can pass both chambers of the congress. we are ready and eager to talk to the president about such a plan. >> you did speak with the president earlier this week. did he have any kind of counter offer? we understand he is making clear it has to be increasing rates for the wealthy or no deal. are you willing to give up a little bit? >> the phone call was pleasant, but more of the same. it is time for the president, if he is serious, to come back to us with a counter offer. >> and a plan is down roughly to the same last year. [inaudible] why take such a risk when the jobs number is improving? >> the rest
NBC
Dec 7, 2012 6:00am EST
of sandy. they feel the unemployment rate will remain at 7.9%. they're also concerned that the fiscal cliff is keeping jobs from hiring. vice president joe biden will have lunch with a group of middle class americans. their taxes could sky rocket if congress and president obama don't reach an agreement on a budget by the end of the year. the white house has highlighted several middle class families' struggles in making the case for a deal. >>> in syria tensioned at a boiling point between rebels and the government. syrian rebels have declared damascus international airport a military target, warning civilians and airlines not to approach it. this comes as reports of the government preparing to use chemical weapons on the civilians there. since march of 2011, 40,000 people have been killed in the country's civil war. >>> a u.s. capitol police officer is in the hospital this morning after being hit by a car. this happened around 8:30 last night around massachusetts avenue in northeast washington. we're told the officer was hit during a traffic stop. her condition has not been released. so far
CSPAN
Dec 4, 2012 8:00pm EST
the fiscal cliff. after that, john podesta oh talks about tax laws. -- talks about tax laws. tomorrow morning's "washington journal does quote a representative peter welch talks about the fiscal cliff negotiations. -- " ashington journal" has representative peter welch talk about the fiscal cliff negotiations. after that, joseph schatz on estate tax. >> we are at the new york state museum. this is every gallery that is dedicated to the history of september 11 and the attacks on new york's world trade center. we have decided that this gallery could heltell the storyf the first moment of attack using objects found out the site. this is a he said steel from the south tower -- and this is a piece of from the south tower. because the visitor a real tangible experience. this is a piece of steel from the north tower. this is a germanic piece of steel. iece of steel.pic you can see where the windows would have been. every piece of steel is marked so you know which build theing, which floor. this one was picked because it was close to the impact. it has the chart numbers 71-74 from the time of constru
CSPAN
Dec 11, 2012 7:00am EST
principles. host: do they believe a recession could happen if we fall off the so called "fiscal cliff?" guest: they do. what we saw last year is business leaders were concerned that washington was not going to come together with a deal. and that it could end badly, but it was a more muted concern. they just trusted washington would get it done. given how quickly things happened last time, they are taking a much more active role. business leaders have come to washington to require a minimum height standard for the ride of the fiscal cliff. they want to make sure that members of either party who are speaking out are as close as possible to simpson-bowles. talk about real cuts, about real revenue. it's much more and ownership in the process this time. host: where does your group come down on regulations? guest: our job is to go out and get business leaders around the country more involved. the business leaders speak for themselves. business leaders are generally extremely influential in their home markets. there are the kind of people if that can give a member of congress moderate republican or
MSNBC
Dec 11, 2012 3:00am PST
to be done? >> i totally agree. the thing that's depressing about the fiscal cliff plan, we will change the tax code, change this, a tax on gas to help the energy industry, all this stuff has receded into the mist and all we're trying to do is get a deal and be done with this. it is sad. in the beginning of a second term, you should be trying to do big things. >> politics often gets in the way. these guys agree behind closed doors what should be done but nobody wants to step out on the ledge and say it publicly. >> right. you have a polarized congress. at this point, both sides think the other side is not on the level and they're interested in taking the partisan political position than accomplishing a bipartisan result. the good thing is high skilled immigrants. hard not to find someone on both sides that don't think you should allow folks that have expertise in science and technology into the country. instead of doing it, both sides use it as a lever in the immigration debate and keeps getting spooled up inside that debate and nothing gets done. >> haven't the republicans been passing
MSNBC
Dec 4, 2012 8:00pm PST
. they are understanding it as we get closer to the fiscal cliff. >> it says a signal to people that the senate passed tax cuts for 98% of americans but they won't do it in the house. that was before the election. and i just holding the ground is going to be important, no question about that. i get a sense the democrats are unified. but going over the cliff, that affects the constituents big time. correct? >> how do you hold that together? >> there's unanimity that july 25th, we passed tax cuts for the 98% to continue this tax policy that they get an average tax cut meaning if it expires, their taxes go up. republicans know that. republicans know if they don't do it by january 1st, we're going to keep passing tax cuts for the middle class. if they keep saying no, eventually they won't because the public pressure will be on them they need to step up. they have to quit protecting. they do everything in the name of the wealthy. >> okay. sherrod brown, stay with us. i appreciate it. >>> it looks like senator-elect elizabeth warren, a champion of financial reform, will get a spot on the banking committee. >>>
CSPAN
Dec 10, 2012 7:00am EST
reassessed the property to increase the taxes even further. at the same time, if there is a fiscal cliff issue, who is going to benefit? not the taxpayer or the middle- class. we what -- we will wind up with taxes increasing at the state level, which means again they have to feed the beast, the beast is the government. the first people to sacrifice for the government are the government people themselves. the federal government employees, 2.2 million people collecting incredible pensions. you just read an article about people that make $388,000 at fannie mae and freddie mac. why are those people not sacrificing? why do we have to pick up the feed that they eventually give us? one gentleman from new york talked about that. i do not have a pension plan. i am 62. i will need social security. my house has twice as much taxes on it as it used to. no one helped me on the fiscal cliff when i lost out in 1991. today everyone gets help. chuck schumer today said that he will want to give tax benefits and credits to people in new york city. who is going to pay for it? host: that is the story from th
MSNBC
Dec 12, 2012 3:00am PST
need tax reform. immigration and tax reform post the fiscal cliff will create a legacy and may see congress doing something. >> that is why it is so important that they figure out a way to come together before the end of the year hopefully. if the environment is poisoned like it was after the stimulus, after the health care debate, the next four years will be ugh low. >> that's true. the higher number of women increases the chances. we will see. >> i saw the women here smiling. we were talking about how collaborative they were. the guys, not so much. >> we don't smile. i agree. the more women the better. i'm agreeing with you. can i say nothing? i said the more women, the better. i'm agreeing with you. the more women, the less self destructive egos and getting to a deal. do you have a problem with that. >> no,i don't. >> go with it. i give up. >> all right. still ahead, hollywood mogul joins us on set and author sebastian younger will be here. more morning joe in a moment. ♪ for over 40 years, we've brought our passion for fine coffee and espresso to people everywhere. but one pl
PBS
Dec 7, 2012 5:30pm PST
that the president has adopted a deliberate strategy to slow-walk our economy right to the edge of the fiscal cliff. >> sreenivasan: the president has insisted there will be no deal unless republicans agree to raise tax rates on the top 2%. republicans say the tax hikes would only hurt job creation. but in arlington, virginia, vice president biden said today's jobs report shows the economy is turning a corner, so it's critical to get a deal. >> there is a sense... there is a sense that if we can reach an- - act like adults and reach an agreement here on the fiscal cliff, the upside is much higher even than the downside is if we don't. >> sreenivasan: biden said the president is willing to consider what he called any serious offer. aides for the two sides were expected to continue talking, through the weekend. wall street was mostly higher on the news from november's jobs report. the dow jones industrial average gained 81 points to close at 13,155. the nasdaq was hurt by another sell-off in apple stock, and fell 11 points to close at 2,978. for the week, the dow gained 1%. the nasdaq lost 1%. this
CNN
Dec 12, 2012 2:00am PST
a call after both traded fiscal cliff proposals. neither sealed a deal, so we're now 20 days away from almost $500 billion this automatic tax hikes and spending cuts. i sound like a broken record. along with the potential for a new recession. shannon travis is following the deal make. do we know what was in the proposals? >> we're getting details in drips and drabs. the white house has offered according to a source telling cnn to basically revise their revenue target. p president obama originally proposed $1.6 trillion in new revenue. he wants to raise the tax rates on the wealthiest americans. now we're being told that he's revised that number down to $1.4 trillion. that's obviously a difference of $200 billion. a democratic aide also telling cnn, i'll read the quote, that offer was coupled with a serious spending cut number with real entitlement reform. so that's from the white house side. on the counterproposal from the republicans, we don't have a lot of details on that, but from boehner's office, republicans are basically awaiting spending cut specifics from the white house. meanw
NBC
Dec 7, 2012 5:00am EST
on the negotiations to avoid the fiscal cliff. both sides now have less than four weeks to prevent steep tax hikes and spending cuts from taking effect. nbc's tracie potts is live on capitol hill with more. >> reporter: good morning. what could push that along is this morning's release of jobs numbers, telling how many people got jobs in november. it's not expected to change much. nationally we're at 7.9%, which is worth note ing is a lot high than the 5.1% here in the d.c. area. unemployment, if it continues to be stagnant, could force lawmakers to take a look at how close they want to get to that fiscal cliff, especially at this time of year. >> it's very important that we get this done now, that we don't wait. we're in the midst of the christmas season. the closer it gets to the brink, the more stressed they're going to be. businesses are making decisions right now about investment and hiring. if they don't have confidence week get this thing done, they're going to start pulling back, and we could have a rocky time in our economy over the next several months. >> reporter: we are now hearing the
CNN
Dec 12, 2012 1:00pm PST
% as part of a larger fiscal cliff deal. in a conference call today, their chairman at the business roundtable said, some executives are unhappy that we want to even mention revenues or taxes but he said everybody's got to feel a little bit like they are getting nailed and then we will know if we've got a deal. white house officials met with this group and also helped them get to this place. they said, bottom line, they knew that they thought their prospects deal was grim and this was a step they had to take to help both sides come to a deal. >> maybe it will help because a lot of these guys are very, very influential. speaking of the fiscal cliff, jessica, what did the fed chairman ben bernanke say about these current negotiations? >> well, bernanke is the man credited with coining the term fiscal cliff. he did it back in february as part of testimony before congress. bernanke was speaking at a press conference today and he was asked two things. one, does he see impacts from the fiscal cliff, the lack of a deal, is it already rippling through the economy in? he said, yes. that's wh
FOX News
Dec 11, 2012 10:00am PST
on the whole fiscal cliff talking about how he wants to see taxes go up on the rich and he also though, weighed in on this whole right to work debate, in probably more direct, more blunt way than some people expected saying that he believes this is really billion the right to work for less money, getting behind the labor unions there in michigan who helped him in this re-election battle. i asked jay carney a few moments ago about one of democrats on the house floor in lansing a short while ago saying if this is signed into law in michigan quote, "there will be blood.". jay carney pushed back on the idea that the white house would condone anything like that. take a listen. >> talked about his views. he has always opposed so-called, right-to-work laws. as he said those laws are generally political, and not economic. they are about the right to earn less pay than they are helpful to our economy. and he presented those views yesterday in michigan. >> reporter: you remember the president weighing in yesterday but back in september, right before the election, when the chicago teachers strike was reac
MSNBC
Dec 9, 2012 5:00am PST
to slow walk the economy to the edge of the fiscal cliff. >> the extremely vague republican proposal did not include an increase in tax rates a position he reiterated on friday making clear there's no movement on the white house's red line on treasury secretary tim geithner as he was asked about it wednesday. >> the administration's position when it comes to raising taxes on the wealthy. making more than $250,000. if republicans do not agree, is the administration prepared to go over the fiscal cliff? >> absolutely. >> there's no agreement that doesn't involve the rates going up on the top wealthy 2%. >> republicans clinging to what little leverage they have to maximize cuts zeroed in on the debt ceiling hoping for a repeat of the 2011 showdown where house republicans were able to extract $2 trillion in cuts. $1 trillion cut from domestic programs in ten years and $1.2 trillion in cuts through a sequester. wednesday, president obama seemed to set another red line, a business round table who warned against the repeat of last year's debacle. >> i want to send a clear message. we are not go
CSPAN
Dec 12, 2012 1:00pm EST
of problems in this country and that's why the fiscal cliff, this thing is not the result of taxes, it's as a result of spending and too many people not having jobs to be able to pay in not just their taxes but to be able to sustain our economy. and so we have millions of people that are unemployed and drawing unemployment compensation. we are seeing disabilities rise at a rate of 16% every year. one thing which we note that just before president obama took effect, white house figures show the federal budget was $2.9 trillion. next year's estimate is going to be $3.8 trillion. this is a 31% increase in spending in just four years. we have someone as the president, our great president, who is hung up on taxing and spending. what we need is a house of representatives that's hung up on jobs and job creation. the american product. entrepreneurship. creativity. competition with the world. the next new great ideas. not that will come from this body but from the creativity of the american people. this is what republicans are trying to keep alive in our country. the idea of self-reliance and w
CSPAN
Dec 12, 2012 9:00am EST
% of american families from any increase in income taxes because of the fiscal cliff. i hope that both democrats and republicans in the house agree these working families don't need a tax increase. those who should pay an additional amount are those in the highest income categories. that's what president obama said. when we voted in the senate, we said those making $250,000 or less, those families, should have no increase in the income tax. i appeal to speaker boehner before he takes another recess in the house, please call this measure and pass it. it will give peace of mind to literally millions of american families who are wondering what's going to happen january 1. these are families, many of which, struggle from paycheck to paycheck. they have been falling behind. i get letters from them. from lansing, illinois, linda prototo me and said please vote to keep middle-class taxes from rising. $2,000, which is what they would increase on average, would help me to keep food on the table and gas in my car. it could even help someone else. please vote for the middle class. i will. and then from jer
CSPAN
Dec 10, 2012 12:00pm EST
's desk is the quickest and most sensible way out of this crisis. avoiding the fiscal cliff is no excuse for republicans to replace this artificial crisis with another one. congress should pass the proposal to end periodic standoffs over the debt ceiling. this plan would give president obama the authority to avoid default over the nation's bills. democrats are ready to vote any time but first senator mcconnell needs to stop filibustering his own legislation rhode island now speaker boehner and minority leader mcconnell are the only thing standing between congress and compromise. it's time for them to prove to american families that they're more interested in protecting the medal class than pleasing the tea party. mr. president, on another subject, i rise to honor our colleague, the senior senator from nebraska, ben nelson, upon his retirement from the united states senate, to become effective after the first of the year. for 12 years senator nelson has been a valued member of the democratic caucus and an exemplary senator for nebraska and the country. but his life in public service leads
CSPAN
Dec 5, 2012 12:00pm EST
'll discuss the implications of the fiscal cliff, and what happens if we don't get some work done by the house to pass the middle-income tax cut. we have to continue to focus on middle-income families, their lives, their struggles and what we can do to ensure they have more dollars in their pocket to continue economic growth. with that, mr. president, i will yield the floor. and note the absence of a quorum. the presiding officer: the clerk will call the roll. quorum call: mr. schumer: mr. president? the presiding officer: the senator from new york. mr. schumer: i ask unanimous consent the quorum call be repealed. the presiding officer: without objection. mr. schumer: thank you, mr. president. first i want to thank my great colleague from pennsylvania, i enjoyed sharing a table last night with him and his beautiful, charming, intelligent wife, who he's lucky he would be the first to admit he's lucky to have married, and their four great girls. but second, thank him for his excellent, as usual, on-target remarks. we have a great chairman of the j.e.c. and every time he comes to the floor, it sh
CSPAN
Dec 4, 2012 11:00pm EST
of the fiscal cliff negotiation. after that, joe shaw looks at the estate tax, which is set to go up the end of the year plus, your e-mails, phone calls, and tweets. "washington journal" is live at 7:00 a.m. eastern on c-span. now come in a discussion of how the military and national security might be a affected by spending cuts at the first of the year. part of the so-called fiscal cliff. former chairman of the joint chiefs of staff, mike mike mullen, was joined at how services committee. this is a less than an hour. >> good afternoon. thank you for coming. my name is peter peterson. i would like to give you a review of why we are supporting this project today. starting about 30 years ago, after studying the profound demographic trends, on the vast and unfunded promise we have made. i have decided was not unsustainable, but a primary threat to the future. speaking of unsustainable, in the nixon white house in which i served, the chairman of the council, if something is unsustainable, he says it continues to stop. or if you don't like that, if your worst eyes, i suggest that you does not dis
CSPAN
Dec 12, 2012 5:00pm EST
of a fiscal cliff. we did not arrive there by not paying enough taxes. the federal government spends insane amounts of money and even by reducing us all to serfs, the taxes will not cover the spending. well said. here's jerry from lamar. she said, please stop spending our money. walk away from the table if they're not willing to stop wasting our hard-earned money. reform the entitlements and lower the taxes. nothing else in my opinion is acceptable. do not go back to the clinton era. that administration led use in a recession and do not raise the inheritance tax. and then listen to this, she said, i am from a family of farmers. that will kill our family and many others and make it impossible to keep farms that have been in our family for generations. that is the most unfair tax there is. this country will not survive more blows to small business and the middle class. stop the insanity and stop it soon. and finally from patrigsa in jefferson city, she said, i want to voice my opinion on what's happening in washington right now. politicians have put us in this mess with excessive spending. i
MSNBC
Dec 11, 2012 8:00am PST
john baner is expected to speak at noon about negotiations on so-called fiscal cliff. he's been with the president and the speaker on the bargaining table. some republicans are continuing to push back against president obama's red line. tax increases for the most wealthy. >> the game you're playing is small ball. you're talking about raising rates on the top 2% that would run the government for 11 days. you just got re-elected. how about doing something big that's not liberal. how about doing something big that really is about partisan. every big idea he has is a liberal idea that drowns us in debt. how about manning up here, mr. president. >> joining me is congressman chris van holland, a ranking member in the house committee. >> good to be with you. >> we're hearing there from lindsey graham his thoughts on fox news and this morning former governor haley barbour was on "morning joe" today and said he would support the higher taxes for the wealthy if -- >> as a republican, i would take raising the rates on the two top brackets if, in return, we had tax reform laid out over a pe
Current
Dec 5, 2012 5:00pm PST
the treaties e tending u.n. treaty about disability or what they're saying by the fiscal cliff. we're seeing an important shift in their strategy. i think at the end of the day john boehner is going to decide it makes more sense to pass the senate bill, extending the tax cut to 98% saying to the public at large we're not going to deny you that but we're not going to pass the debt ceiling increase. on that they'll hang tougher seeking to extract something from the white house. >> i agree with half of that. i think they're going to wait for the debt ceiling crisis that they're going to create with their leverage. but it seems to me that they have more incentive to blame the democrats for rising taxes on everybody, and then come back and pass that middle class tax cut. i think we're going to see the sun setting of the bush tax cuts. i just don't see how the tea partyers essentially can do a preemptive basically pre- preemptive before the taxes go back up. >> eliot: charles, do you agree with sam? once the tax cuts have expired maybe they pass the tax cut for 98% but then use their leverage to n
CSPAN
Dec 8, 2012 9:00am EST
: from our facebook page, chris makes this comment. this fiscal cliff media coverage is absurd. you people are grown adults. get something done. if i could get something done in my job, i would probably be terminated by now. enough already. do something for all americans, not just your party. >> guest: the only criticism i would have with that comment is we're not the ones that are negotiating. there's a limited number of people. i believe if you put me in the room i could get a deal done. but i wouldn't do it -- i would like all republicans up and say what is it we believe in? we willing to give $800 million in terms of income. here's what one for the. here's where we're going to stand. we had to reform medicare to some degree because the real spending is this demographic shift in growth and medicare entitlements. here's what we have to have. most people don't realize the size of token is twice the size was 11 years ago. how many people realize that? that in 11 just the federal government is twice the size in terms of dollars and people? most people don't realize that. so here's th
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